PMI-RMP exam

A company in the mining industry accommodates a lot of innovation and changing work conditions. Because of this, the company experiences difficulty in predicting long term business plans. How should a professional risk manager manage the risks in such situations?A . Adopt a predictive approach to manage the risks.B ....

An organization performs an annual strategies and initiatives workshop during which a strengths, weaknesses, opportunities, and threats (SWOT) analysis is being conducted. As part of this process the functional managers identify the opportunities and threats . What should the risk manager do next?A . Add only the threats to the...

A project manager identified a risk of communication issues with the client which may impact the project schedule. A member of (he sales team advises that this client prefers face-to- face conversations. What should the project manager do to avoid this risk?A . Record this risk and the clients preference...

A project manager is working on a high priority and high profile project. The project team had identified three opportunities, and after analysis, risk responses were recorded. Although risk responses were adequate for the identified opportunities, two of those opportunities were not acted upon. During the risk audit, the project...

The project manager for project X was expecting the mobilization of critical equipment from another project, project Y. However, a day before the mobilization was scheduled, another project manager notifies project X's project manager that the equipment would not be available for at least another month due to delayed activities...

A risk manager documents the causes in the risk register and needs to ensure the risk is adequately described . What is critical for the risk manager to consider when describing the causes?A . Each cause has a degree of uncertaintyB . Each cause has well defined ownerC . The...

A project manager works on a long-term and high visibility project at an organization that has a low risk appetite towards this project due to its impact on the company's business. The project sponsors follow up weekly with the project manager, who was just informed by one of the risk...

Upon reviewing the risk analysis results, the project manager notices several risks that occur more frequently than others . What should the project manager do?A . Reduce the probabilities of those risks on the risk registerB . Transfer ownership of those risks to the customerC . Implement the risk handling...

A project manager has determined that an activity is too complex to complete internally so they hire a licensed contractor to complete the work . What is the project manager performing in this situation?A . Risk mitigationB . Risk transferC . Risk acceptanceD . Risk avoidanceView AnswerAnswer: B Explanation: By...

Towards the end of definitive design, project costs have increased to the point where it will be classified as a capital asset project. The customer has expressed they want one final total project completion date and will afford no extensions after it is established . How should the risk manager...